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Goldman Sachs Downgrades Li Ning's Rating

SHANGHAI, CHINA - FEBRUARY 21, 2024 - The China Li-Ning sportswear and footwear flagship store is seen on Nanjing Road Pedestrian street in Shanghai, China, February 21, 2024.

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Goldman Sachs Downgrades Li Ning's Rating

SHANGHAI, CHINA - FEBRUARY 21, 2024 - The China Li-Ning sportswear and footwear flagship store is seen on Nanjing Road Pedestrian street in Shanghai, China, February 21, 2024.

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Goldman Sachs Downgrades Li Ning's Rating

SHANGHAI, CHINA - FEBRUARY 21, 2024 - The China Li-Ning sportswear and footwear flagship store is seen on Nanjing Road Pedestrian street in Shanghai, China, February 21, 2024.

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Goldman Sachs Downgrades Li Ning's Rating

SHANGHAI, CHINA - FEBRUARY 21, 2024 - The China Li-Ning sportswear and footwear flagship store is seen on Nanjing Road Pedestrian street in Shanghai, China, February 21, 2024.

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Ubs Securities Downgrades iPhone15 Shipments

YANTAI, CHINA - SEPTEMBER 25, 2023 - Customers learn about the newly launched iPhone15 at an Apple store in Yantai, Shandong province, China, September 25, 2023. Ubs Securities released the latest report, after a comprehensive evaluation, decided to reduce the shipment of the new iPhone15 series from 80-90 million units to 78 million units.

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Moody's downgrades outlook on U.S. banking system to negative

STORY: Moody's downgrades outlook on U.S. banking system to negative DATELINE: March 15, 2023 LENGTH: 00:01:01 LOCATION: NEW YORK, U.S. CATEGORY: ECONOMY SHOTLIST: 1. various of banks in the U.S. STORYLINE: Rating agency Moody's slashed its outlook on the entire U.S. banking system to negative in the wake of recent bank turmoil in the country. Moody's said the move was made to "reflect the rapid deterioration in the operating environment following deposit runs at Silicon Valley Bank (SVB), Silvergate Bank, and Signature Bank (SNY) and the failures of SVB and SNY." Although U.S. authorities have stepped in to shore up deposits at SVB and SNY to restore confidence in the banking system, the rating firm said other institutions with unrealized losses or uninsured depositors still could be at risk. Moody's said it expects pressure on the U.S. banking sector to persist as the Federal Reserve continues to hike interest rates to combat inflation. The firm also projected the U.S. economy to fall into recession

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Moody's downgrades Egypt's ratings to B3, changes outlook to stable

STORY: Moody's downgrades Egypt's ratings to B3, changes outlook to stable DATELINE: Feb. 9, 2023 LENGTH: 00:00:46 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of the central bank of Egypt 2. various of vessels in Egypt 3. various of a fuel station in Egypt STORYLINE: Moody's Investors Service lowered Egypt's long-term foreign-currency and local-currency issuer ratings to B3 from B2. In its ranking report published on Tuesday, Moody's also changed outlook to "stable from negative." The report cited that the downgrade to B3 reflects Egypt's reduced external buffers and shock absorption capacity while the economy undergoes a structural change toward a more export- and private sector-led growth model under a flexible exchange rate regime. The International Monetary Fund (IMF) approved a three-billion U.S. dollar financial support package to Egypt in December 2023 amid a commitment to flexible currency and monetary reforms. Over the past year, the Egyptian currency had depreciated by nearly 50 pe

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Russia downgrades diplomatic ties with Estonia in retaliation

STORY: Russia downgrades diplomatic ties with Estonia in retaliation DATELINE: Jan. 25, 2023 LENGTH: 00:00:49 LOCATION: Moscow CATEGORY: POLITICS SHOTLIST: 1. various of the Russian Foreign Ministry 2. various of Estonian embassy in Moscow (file) STORYLINE: Russia has decided to downgrade diplomatic relations with Estonia to the level of charge d'affaires in retaliation of Estonia's move to reduce Russian embassy staff. The Russian Foreign Ministry on Monday summoned Estonian Ambassador to Russia Margus Laidre in protest against actions of Estonia's authorities and ordered him to leave the country by Feb. 7. "The Estonian leadership has purposefully destroyed the entire range of relations with Russia" by promoting Russophobia and hostility towards Russia, the ministry said in a statement. In a tit-for-tat move, the Estonian Ministry of Foreign Affairs tweeted on Monday it will expel the Russian ambassador from its capital Tallinn. Earlier this month, Estonia asked Russia to reduce staff at its embassy

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BOJ downgrades economic assessments for 7 of 9 regions

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa (C) attends a meeting of branch managers at the BOJ head office in Tokyo on April 11, 2011. After the meeting, the central bank released its quarterly assessment, downwardly revising its assessments of seven of the country's nine regional economies, citing a significant impact from the March 11 earthquake and tsunami, which crippled many manufacturers while causing power supply shortages due to a crisis at a nuclear power plant.

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Tokyo stocks open sharply lower on European credit downgrade

TOKYO, Japan - A man passes an electric stock board at a securities house in Tokyo's Marunouchi business district showing the benchmark Nikkei stock index at the Tokyo Stock Exchange drop more than 300 points. Tokyo stocks opened sharply lower after U.S. and European stocks tumbled following Standard & Poor's downgrades of credit ratings of debt-ridden Greece and Portugal.

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Gov't retains economic assessment but downgrades view on exports

TOKYO, Japan - Finance Minister Naoto Kan speaks to reporters in Tokyo on Feb. 23, 2010, after the Cabinet Office released a monthly government economic report which maintained the government assessment on the overall domestic economy for the seventh consecutive month.

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Gov't downgrades monthly assessment as economy weakens 'further'

TOKYO, Japan - Economic and Fiscal Policy Minister Karu Yosano speaks about the October government economic report at a news conference in Tokyo on Oct. 20. The report downgraded the government's evaluation of Japan's economy.

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Gov't downgrades economic assessment for 2nd month

TOKYO, Japan - Prime Minister Yasuo Fukuda (R), economic and fiscal policy minister Hiroko Ota (C) and Land, Infrastructure, Transport and Tourism Minister Tetsuzo Fuyushiba (L) attend a meeting of ministers in charge of economic affairs at the prime minister's office on March 19. In its March report, the government downgraded its monthly economic assessment for the second straight month.

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Japan downgrades economic assessment for 1st time in 15 months

TOKYO, Japan - Economic and fiscal policy minister Hiroko Ota (L) and Prime Minister Yasuo Fukuda attend a meeting of ministers in charge of economic affairs at the prime minister's office in Tokyo on Feb. 22. In its February report, the government downgraded its monthly economic assessment for the first time in 15 months.

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Gov't downgrades economic assessment for 2nd month

TOKYO, Japan - Heizo Takenaka, state minister in charge of economic and fiscal policy, speaks to reporters about the government monthly economic report at the Cabinet Office in Tokyo on Dec. 20.

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Gov't downgrades economy for 1st time in 5 months

TOKYO, Japan - Prime Minister Junichiro Koizumi is seated at a meeting of his economic ministers at his office on June 17, which adopted a monthly economic report for June. The government revised downward its assessment of the economic state for the first time in five months due to shrinking exports following a slowdown in overseas economies.

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Gov't downgrades economic assessment for Nov.

TOKYO, Japan - Financial Services Minister Heizo Takenaka (2nd from R), also state minister in charge of economic and fiscal policy, presents a monthly report on the economy for November at a meeting of cabinet ministers Nov. 12. The government downgraded its overall assessment of the current economy for the first time in a year. Finance Minister Masajuro Shiokawa (L) sits beside Prime Minister Junichiro Koizumi.

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Japan downgrades economic assessment for 7th time

TOKYO, Japan - Prime Minister Junichiro Koizumi addresses a meeting of his economic ministers at his official residence Nov. 14, 2001. A monthly report submitted to the meeting downgraded diagnosis of the Japanese economy's health for the seventh time this year.

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Gov't downgrades economic view for 4th month in May

TOKYO, Japan - Prime Minister Junichiro Koizumi (3rd from R in front row) presides over a meeting of economic ministers and coalition parties leaders convened May 11 to discuss a government monthly economic report for May. The report downgraded assessment of economic conditions for the fourth straight month, saying the economy is ''further weakening.''

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Government again downgrades economic assessment

TOKYO, Japan - (From L to R) Taro Aso, minister in charge of economic and fiscal policy, Chief Cabinet Secretary Yasuo Fukuda, Ryutaro Hashimoto, minister in charge of administrative reform, Finance Minister Kiichi Miyazawa and Prime Minister Yoshiro Mori chat before they discuss a monthly economic report on April 13. The government said in the report the Japanese economy is weakening, downgrading its assessment of overall domestic economic activity for the third consecutive month.

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Japan downgrades economic assessment

TOKYO, Japan - Taro Aso, state minister for economic and fiscal policy, fields questions from reporters in Tokyo on March 16 after the government released its monthly economic report, in which it downgraded its overall economic evaluation for the second consecutive month.

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Japan downgrades evaluation of economy slightly

TOKYO, Japan - Prime Minister Yoshiro Mori (R) and other cabinet members are ready to attend a meeting to approve the government's monthly economic report. The report said Japan's economy remains on an upward path but the pace of recovery is slower than before in the face of slackening U.S. economic growth.

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EPA slightly downgrades economic assessment

TOKYO, Japan - Prime Minister Yoshiro Mori (R) presides over a meeting of his economic ministers Nov. 10 convened to discuss the Economic Planning Agency's monthly report for November. EPA slightly downgraded its assessment of the Japanese economy for the first time in 26 months. (From L to R) EPA Director General Taichi Sakaiya, Chief Cabinet Secretary Yasuo Fukuda and Finance Minister Kiichi Miyazawa.

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EPA gives economy even bleaker grade in Sept. report

The Economic Planning Agency (EPA) further downgrades its assessment of the Japanese economy in its September report released Tuesday, Sept. 8, saying the economy is in ''a prolonged slump and a very severe situation.'' The government report, which is based mainly on July data, cites a further fall in housing starts and the plunge of Tokyo stock prices as the main factors on which it based the gloomy diagnosis of the nation's economy. The photo shows EPA chief Taichi Sakaiya (far L) attending a meeting of cabinet ministers concerned in the Diet building.

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IMF downgrades 2023 global growth forecast to 2.7 pct

STORY: IMF downgrades 2023 global growth forecast to 2.7 pct DATELINE: Oct. 12, 2022 LENGTH: 00:01:09 LOCATION: Washington D.C. CATEGORY: ECONOMY SHOTLIST: 1. various of IMF press conference 2. SOUNDBITE (English): PIERRE-OLIVIER GOURINCHAS, Chief Economist and Director of Research Department, IMF 3. exterior of the IMF headquarters in Washington D.C. STORYLINE: The International Monetary Fund (IMF) on Tuesday projected the global economy to grow by 3.2 percent this year and 2.7 percent in 2023, with a downward 0.2-percentage-point revision for 2023 from the July forecast, according to the latest World Economic Outlook (WEO) report. The global economy is experiencing "a number of turbulent challenges," as inflation is higher than seen in several decades, tightening financial conditions in most regions, the Russia-Ukraine conflict, and the lingering COVID-19 pandemic all weigh heavily on the outlook, the report said. SOUNDBITE (English): PIERRE-OLIVIER GOURINCHAS, Chief Economist and Director of Res

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World Bank downgrades India's growth forecast to 6.5 pct

STORY: World Bank downgrades India's growth forecast to 6.5 pct DATELINE: Oct. 7, 2022 LENGTH: 0:01:31 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of banks 2. various of shopping mall STORYLINE: The World Bank on Thursday downgraded India's economic growth forecast to 6.5 percent for the current fiscal year (2022-23) from its earlier estimate of 7.5 percent announced in June. The international financial institution cited the deteriorating international environment for the downgrade. "The Indian economy will slow down in FY23, coming off a strong but incomplete recovery in FY22 (April 2021-March 2022). The spillovers from the Russia-Ukraine war and the global monetary policy tightening cycle weigh on India's economic outlook," the report said. Elevated inflation on the back of higher prices of key commodities, heightened global uncertainty, and rising borrowing costs will affect domestic demand while slowing global growth inhibits India's export growth, it said. In its biannual report on

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GLOBALink | IMF to downgrade forecast for over 140 economies amid Russia-Ukraine conflict

STORY: IMF to downgrade forecast for over 140 economies amid Russia-Ukraine conflict DATELINE: April 15, 2022 LENGTH: 00:00:59 LOCATION: WASHINGTON CATEGORY: SOCIETY SHOTLIST: 1. exterior view of IMF building 2. various of Russia-Ukraine conflict 3. pic of Kristalina Georgieva 4. various of economic related shots STORYLINE: The International Monetary Fund (IMF) chief said Thursday that the organization will revise down its global growth forecast amid the Russia-Ukraine conflict, the impact of which will contribute to downgrades for 143 economies this year. The IMF chief Kristalina Georgieva noted that the economic consequences from the Russia-Ukraine conflict spread "fast and far," "hitting hardest the world's most vulnerable people." She said, the conflict has pushed up energy and food prices and exacerbated inflation, hurting hundreds of millions of families who were already struggling with lower incomes and higher prices, and threatening to further increase inequality. In an update to its World Econo

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Gov't downgrades economic assessment for 2nd month

TOKYO, Japan - Heizo Takenaka, state minister in charge of economic and fiscal policy, speaks to reporters about the government monthly economic report at the Cabinet Office in Tokyo on Dec. 20. (Kyodo)

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MOF downgrades economic assessments of 5 of 11 regions

TOKYO, Japan - Finance Minister Fukushiro Nukaga makes an address at the outset of a meeting of the Finance Ministry's 11 bureau chiefs in Tokyo on Jan. 21. (Kyodo)

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Japan downgrades economic assessment for 1st time in 15 months

TOKYO, Japan - Economic and fiscal policy minister Hiroko Ota (L) and Prime Minister Yasuo Fukuda attend a meeting of ministers in charge of economic affairs at the prime minister's office in Tokyo on Feb. 22. In its February report, the government downgraded its monthly economic assessment for the first time in 15 months. (Kyodo)

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Gov't downgrades economic assessment for 2nd month

TOKYO, Japan - Prime Minister Yasuo Fukuda (R), economic and fiscal policy minister Hiroko Ota (C) and Land, Infrastructure, Transport and Tourism Minister Tetsuzo Fuyushiba (L) attend a meeting of ministers in charge of economic affairs at the prime minister's office on March 19. In its March report, the government downgraded its monthly economic assessment for the second straight month. (Kyodo)

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Gov't downgrades monthly assessment as economy weakens 'further'

TOKYO, Japan - Economic and Fiscal Policy Minister Karu Yosano speaks about the October government economic report at a news conference in Tokyo on Oct. 20. The report downgraded the government's evaluation of Japan's economy. (Kyodo)

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Gov't downgrades economic assessment for Nov.

TOKYO, Japan - Financial Services Minister Heizo Takenaka (2nd from R), also state minister in charge of economic and fiscal policy, presents a monthly report on the economy for November at a meeting of cabinet ministers Nov. 12. The government downgraded its overall assessment of the current economy for the first time in a year. Finance Minister Masajuro Shiokawa (L) sits beside Prime Minister Junichiro Koizumi. (Kyodo)

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Japan downgrades harbor seals to "near-threatened" rank on Red List

File photo taken in July 2013 at the tip of Cape Erimo in Hokkaido, northern Japan, shows harbor seals, whose Red List rank was downgraded by the Environment Ministry on Sept. 15, 2015, by a notch from "endangered" status to the rank of "near-threatened" species due to a growing population that has caused damage to local fishing. (Kyodo) ==Kyodo

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Tokyo stocks open sharply lower on European credit downgrade

TOKYO, Japan - A man passes an electric stock board at a securities house in Tokyo's Marunouchi business district showing the benchmark Nikkei stock index at the Tokyo Stock Exchange drop more than 300 points. Tokyo stocks opened sharply lower after U.S. and European stocks tumbled following Standard & Poor's downgrades of credit ratings of debt-ridden Greece and Portugal. (Kyodo)

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BOJ downgrades economic assessments for 7 of 9 regions

TOKYO, Japan - Bank of Japan Governor Masaaki Shirakawa (C) attends a meeting of branch managers at the BOJ head office in Tokyo on April 11, 2011. After the meeting, the central bank released its quarterly assessment, downwardly revising its assessments of seven of the country's nine regional economies, citing a significant impact from the March 11 earthquake and tsunami, which crippled many manufacturers while causing power supply shortages due to a crisis at a nuclear power plant. (Kyodo)

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Gov't retains economic assessment but downgrades view on exports

TOKYO, Japan - Finance Minister Naoto Kan speaks to reporters in Tokyo on Feb. 23, 2010, after the Cabinet Office released a monthly government economic report which maintained the government assessment on the overall domestic economy for the seventh consecutive month. (Kyodo)

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Gov't downgrades economy for 1st time in 5 months

TOKYO, Japan - Prime Minister Junichiro Koizumi is seated at a meeting of his economic ministers at his office on June 17, which adopted a monthly economic report for June. The government revised downward its assessment of the economic state for the first time in five months due to shrinking exports following a slowdown in overseas economies. (Kyodo)

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Gov't downgrades economic view for 4th month in May

TOKYO, Japan - Prime Minister Junichiro Koizumi (3rd from R in front row) presides over a meeting of economic ministers and coalition parties leaders convened May 11 to discuss a government monthly economic report for May. The report downgraded assessment of economic conditions for the fourth straight month, saying the economy is ''further weakening.''

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Government again downgrades economic assessment

TOKYO, Japan - (From L to R) Taro Aso, minister in charge of economic and fiscal policy, Chief Cabinet Secretary Yasuo Fukuda, Ryutaro Hashimoto, minister in charge of administrative reform, Finance Minister Kiichi Miyazawa and Prime Minister Yoshiro Mori chat before they discuss a monthly economic report on April 13. The government said in the report the Japanese economy is weakening, downgrading its assessment of overall domestic economic activity for the third consecutive month.

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Japan downgrades evaluation of economy slightly

TOKYO, Japan - Prime Minister Yoshiro Mori (R) and other cabinet members are ready to attend a meeting to approve the government's monthly economic report. The report said Japan's economy remains on an upward path but the pace of recovery is slower than before in the face of slackening U.S. economic growth.

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EPA slightly downgrades economic assessment

TOKYO, Japan - Prime Minister Yoshiro Mori (R) presides over a meeting of his economic ministers Nov. 10 convened to discuss the Economic Planning Agency's monthly report for November. EPA slightly downgraded its assessment of the Japanese economy for the first time in 26 months. (From L to R) EPA Director General Taichi Sakaiya, Chief Cabinet Secretary Yasuo Fukuda and Finance Minister Kiichi Miyazawa.

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EPA gives economy even bleaker grade in Sept. report

The Economic Planning Agency (EPA) further downgrades its assessment of the Japanese economy in its September report released Tuesday, Sept. 8, saying the economy is in ''a prolonged slump and a very severe situation.'' The government report, which is based mainly on July data, cites a further fall in housing starts and the plunge of Tokyo stock prices as the main factors on which it based the gloomy diagnosis of the nation's economy. The photo shows EPA chief Taichi Sakaiya (far L) attending a meeting of cabinet ministers concerned in the Diet building. ==Kyodo